Cecilia Reel
Mountain Lake Realty
(828) 655-7495
115 Total Sales
1 in Drexel
$220,000 Price
122 Settlemyre Rd Morganton, NC 28655
Drexel Area
2
Beds
1
Bath
952
Sq Ft
0.35
Acre Lot
Highlights
- No HOA
- Laundry Room
- Fire Pit
- Heritage Middle School Rated A-
- 1-Story Property
- 1 Car Garage
About This Home
As of July 2026Lovingly cared for and full of charm, this delightful 2-bedroom, 1-bath cottage-ranch offers fresh interiors, attractive landscaping, and thoughtful updates throughout. Situated on a 0.35-acre lot, the property features a fenced backyard, storage shed with a charming chicken coop, portable fire pit, and a flourishing garden area with strawberries, trimmed blackberry bushes, fruit trees including crabapple and pear, plus assorted herbs, vegetables, and flowers. Inside, you’ll find nicely sized bedrooms, an oversized living room, and an adorable country kitchen with dining space that creates a warm and inviting atmosphere. All appliances remain, including the refrigerator, electric range, dishwasher, washer, and dryer. The washer and dryer have been conveniently relocated to the attached garage, creating additional kitchen cabinet space and improved functionality. Major updates provide added peace of mind, including new windows installed in early 2023, HVAC replaced in 2021, and DryPro crawlspace in 2021. The encapsulated crawlspace features a sump pump, transferable dehumidifier system, transferable 10-year DryPro warranty, and offers excellent additional storage space. Nestled on a quaint road in Drexel near parks, schools, and Morganton, with an easy drive to the mountains and approximately one hour to Charlotte, this charming home is ready to welcome its next owner!
Last Agent to Sell the Property
One Community Real Estate Brokerage Email: starrmfranklin@gmail.com License #174361 Listed on: 05/14/2026
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Home Details
Home Type
- Single Family
Year Built
- Built in 1952
Lot Details
- 15,246 Sq Ft Lot
- Back Yard Fenced
- Chain Link Fence
- Level Lot
- Property is zoned R-8
Parking
- 1 Car Garage
- Driveway
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 952 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Dryer
Basement
- Sump Pump
- Crawl Space
Outdoor Features
- Fire Pit
- Outbuilding
Utilities
- Heat Pump System
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2723594884
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2026
Closed on
Jul 8, 2026
Sold by
Betz and Meryl
Bought by
Seller's Agent
Starr Franklin
One Community Real Estate
Buyer's Agent
Bryson Lambert
RE/MAX Southern Lifestyles
List Price
$209,900
Sold Price
$205,000
Premium/Discount to List
-$4,900
-2.33%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.19%
Original Mortgage
$201,286
Outstanding Balance
$201,105
Interest Rate
6.53%
Mortgage Type
FHA
Estimated Equity
$3,431
Purchase Details
Listed on
Dec 19, 2024
Closed on
Jan 22, 2025
Sold by
Valentino Patricia L
Bought by
Betz Andrew and Betz Meryl
Seller's Agent
Garrett Osborne
Osborne Real Estate Group LLC
Buyer's Agent
Ashley Morton
Salt & Light Homes LLC
List Price
$184,900
Sold Price
$185,000
Premium/Discount to List
$100
0.05%
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$15,000
Interest Rate
6.6%
Purchase Details
Listed on
Jan 2, 2022
Closed on
Mar 14, 2022
Sold by
Jo Morgan Wendy
Bought by
Valentino Patricia L
Seller's Agent
Chrissy Samson
Wilson Realty
Buyer's Agent
Garrett Osborne
Osborne Real Estate Group LLC
List Price
$147,500
Sold Price
$150,000
Premium/Discount to List
$2,500
1.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
Balloon
Purchase Details
Closed on
Oct 27, 2020
Sold by
Bailey Sylvia J and Bailey Jean Karen
Bought by
Morgan Wendy J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,046
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2019
Sold by
Bailey Sylvia J
Bought by
Bailey Sylvia J and Bailey Karen Jean
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Morganton, NC
-
Cecilia Reel
-
Athena Cermak
Athena Cermak
Responds QuicklyKeller Williams Professionals
(828) 672-3601
138 Total Sales
1 in Drexel
$225,000 Price
-
Crystal Honeycutt
Crystal Honeycutt
Mountain Lake Realty
(828) 655-7887
116 Total Sales
1 in Drexel
$220,000 Price
-
Lauren Hart
Lauren Hart
Hart Real Estate
(828) 624-6354
156 Total Sales
2 in Drexel
$375K - $525K Price Range
-
Tony Colella
Tony Colella
Western Piedmont Real Estate, LLC
(828) 554-0684
75 Total Sales
4 in Drexel
$65K - $265K Price Range
-
Brent Heavner
Brent Heavner
Premier South
(828) 392-7186
141 Total Sales
1 in Drexel
$280,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | None Listed On Document | |
| Warranty Deed | $150,000 | New Title Company Name | |
| Warranty Deed | $72,500 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,000 | No Value Available | |
| Open | $175,750 | New Conventional | |
| Previous Owner | $142,500 | Balloon | |
| Previous Owner | $1,850,046 | Purchase Money Mortgage |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/09/2026 07/09/26 | Sold | $205,000 | -2.3% | $215 / Sq Ft | |
| 05/14/2026 05/14/26 | For Sale | $209,900 | +13.5% | $220 / Sq Ft | |
| 01/23/2025 01/23/25 | Sold | $185,000 | +0.1% | $194 / Sq Ft | View Prior Sale |
| 12/19/2024 12/19/24 | For Sale | $184,900 | +23.3% | $194 / Sq Ft | |
| 03/14/2022 03/14/22 | Sold | $150,000 | +1.7% | $158 / Sq Ft | View Prior Sale |
| 02/14/2022 02/14/22 | Pending | -- | -- | -- | |
| 02/08/2022 02/08/22 | For Sale | $147,500 | 0.0% | $155 / Sq Ft | |
| 01/06/2022 01/06/22 | Pending | -- | -- | -- | |
| 01/02/2022 01/02/22 | For Sale | $147,500 | -- | $155 / Sq Ft |
Source: Canopy MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,334 | $138,987 | $18,375 | $120,612 |
| 2024 | $858 | $136,685 | $18,375 | $118,310 |
| 2023 | $853 | $136,685 | $18,375 | $118,310 |
| 2022 | $537 | $65,451 | $15,750 | $49,701 |
| 2021 | $531 | $65,451 | $15,750 | $49,701 |
| 2020 | $527 | $65,451 | $15,750 | $49,701 |
| 2019 | $527 | $65,451 | $15,750 | $49,701 |
| 2018 | $495 | $60,800 | $15,750 | $45,050 |
| 2017 | $493 | $60,800 | $15,750 | $45,050 |
| 2016 | $478 | $60,800 | $15,750 | $45,050 |
| 2015 | $475 | $60,800 | $15,750 | $45,050 |
| 2014 | $474 | $60,800 | $15,750 | $45,050 |
| 2013 | $474 | $60,800 | $15,750 | $45,050 |
Source: Public Records
Agents Affiliated with this Home
-
Starr Franklin
Seller's Agent in 2026
Starr Franklin
One Community Real Estate
(828) 308-7485
91 Total Sales
-
Bryson Lambert
BL
Buyer's Agent in 2026
Bryson Lambert
RE/MAX
(828) 413-9557
22 Total Sales
-
Garrett Osborne
Seller's Agent in 2025
Garrett Osborne
Osborne Real Estate Group LLC
(828) 455-5405
198 Total Sales
-
Robbin Osborne
Seller Co-Listing Agent in 2025
Robbin Osborne
COMPASS
(828) 312-3158
209 Total Sales
-
AM
Buyer's Agent in 2025
Ashley Morton
Salt & Light Homes LLC
-
CS
Seller's Agent in 2022
Chrissy Samson
Wilson Realty
Map
Source: Canopy MLS
MLS Number: 4382008
APN: 4956
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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